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“The Ragusa harbour master originally calculated that the cost of creating a canal across Stagno to be approximately three million florins (gulden). If we bear in mind that a three-meter deep canal, like the one planned initially, is hardly usable by torpedo boats, and that a deeper one would not cost double the amount, then a deeper one should be built.”
“If these countries one day wake up from the wintry sleep in which they’ve found themselves for centuries, one of the consequences could be fluid traffic, and everything that helps to simplify and activate it would be welcome.
It’s not a question of an armoured ship which is soon outdated or a fortress which will soon be useless due to new systems. Rather, it would be a permanent advantage for traffic.
Although we propose costs totalling 20 million florins, this is the price of four, large armoured ships. A fully equipped modern warship costs approximately five million. And if we compare this to the cost of building a canal, one realises that the latter could be built for the price of four ships and it would also help defend the coast much more than adding four ships to the fleet.
“As a result of the increase in tourism and speedy lines, the importance of that planned passage also increases, because the advantages for speedy steam ships are very significant and, if better routes have been built, traffic will also increase.”
A.L.S.: Über den Durchstich der Landenge von Stagno, Prague 1906
In this section, the Archduke carries out a good economic analysis, weighing the different costs and comparing them to opportunity costs, such as the military investments needed if the canal were not built and the potential income that could be earned from different sources.
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